There was no change in the Bulk Freight Rates from the rates in the week last as uniformly strong demand for cargo vessels had prevented any downturn in the freight rates.
Uninterrupted imports of coal and iron ore in China have created strong demand for cargo vessels. Steel makers in China have been running their plants at high rates to obtain higher production, especially ahead of the upcoming National People’s Congress on 18 Oct’17 in Beijing. Steel Mills in that country are mandated by the government to lower production during the pre-days of the event to prevent smog in the city during the event.
The Baltic Dry Index has moved up significantly due to the prevalence of strong demand for cargo vessels. On 9Sep’17, the index was reported at 1,332 points, remarkably up from 1,183 points, as on 1 Sep’17.
The following are the prevailing freight rates in terms of route and vessel type:
| SUPRAMAX | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO (in MT) | FREIGHT RATE (in USD/MT) |
| Taboneo | Indonesia | Vizag | India | 55,000 | 8.34 |
| Navlakhi | 55,000 | 9.81 | |||
| Fangcheng | 55,000 | 8.03 | |||
| Rizhao | 55,000 | 8.72 | |||
| Richards Bay | South Africa | Mundra | 55,000 | 11.37 | |
| Paradip | 55,000 | 11.26 | |||
| ECI | 55,000 | 12.98 | |||
| ECI | 55,000 | 14.34 | |||
| Hay Point | Australia | Huangpu(12.3m) | China | 52,000 | 12.45 |
| Hay Point | Vizag | 52,000 | 15.61 | ||
| New Port News | USA | Vizag | 55,000 | 29.41 | |
| Houston | Vizag | 55,000 | 27.65 | ||
| Goa | India | Qingdao | 55,000 | 9.79 | |
| Paradip | Qingdao | 55,000 | 8.14 | ||
| Bunati | Indonesia | Campha (12.3) | 52,000 | 8.96 | |
| Richards Bay | South Africa | Campha (12.3) | 52,000 | 17.24 | |
| Haypoint | Australia | Campha (12.3) | 52,000 | 15.38 | |
| Gladstone | Campha (12.3) | 52,000 | 15.65 | ||
| Port Kembla | Campha (12.3) | 52,000 | 17.67 | ||
| Teluk Rubiah | Malaysia | Campha (12.3) | 52,000 | 8.79 | |
| Vostochy (12.2M) | Russia | Paradip | India | 51,000 | 10.53 |
| Vostochy (12.2M) | Krishnapatnam | 51,000 | 10.44 | ||
| Vostochy (12.2M) | Hazira | 51,000 | 12.84 | ||
| Vostochy (12.2M) | Jaigarh (13m) | 51,000 | 11.32 | ||
| Vanino | Paradip | 55,000 | 10.45 | ||
| Vanino | Krishnapatnam | 55,000 | 10.10 | ||
| Vanino | Hazira | 55,000 | 12.37 | ||
| Vanino | Jaigarh (13m) | 55,000 | 10.96 | ||
| Vanino | Tuticorin (12.8M) | 55,000 | 10.08 | ||
| Nakhodka (9.35M) | Paradip | 33,000 | 14.46 | ||
| Nakhodka (9.35M) | Krishnapatnam | 33,000 | 14.19 | ||
| Nakhodka (9.35M) | Hazira | 33,000 | 18.60 | ||
| Nakhodka (9.35M) | Jaigarh (13m) | 33,000 | 16.37 | ||
| PANAMAX | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO(in MT) | FREIGHT ( in USD/MT) |
| Richards Bay | South Africa | Jaigad(14m) | India | 76,000 | 12.29 |
| Richards Bay | Mundra | 77,000 | 11.69 | ||
| Richards Bay | Dhamra | 77,000 | 12.42 | ||
| Richards Bay | Krishnapattam | 77,000 | 11.87 | ||
| Richards Bay | Fangcheng | China | 77,000 | 13.56 | |
| Richards Bay | Rizhao | 77,000 | 13.95 | ||
| NPLCT | Indonesia | Dhamra | India | 77,000 | 7.18 |
| NPLCT | Gangavaram | 77,000 | 7.42 | ||
| NPLCT | Mundra | 77,000 | 7.23 | ||
| NPLCT | Jaigad | 77,000 | 7.61 | ||
| Hay Point | Australia | Vizag | 77,000 | 11.58 | |
| New Castle | Fangcheng | China | 77,000 | 10.98 | |
| New Castle | Rizhao | 77,000 | 11.39 | ||
| New Port News | USA | Vizag | India | 77,000 | 24.38 |
| Tanjung Bara CT | Indonesia | Fangcheng | China | 71,500 | 5.67 |
| Tanjung Bara CT | Rizhao | 71,500 | 6.08 | ||
| New Orleans | USA | Dhamra | India | 65,000 | 25.42 |
| New Orleans | Mundra | 65,000 | 26.30 | ||
| New Orleans | Rizhao | China | 59,000 | 29.65 | |
| CAPESIZE | |||||
| LOAD PORT | COUNTRY | DISCHARGE PORT | COUNTRY | CARGO(in MT) | FREIGHT(in USD/MT) |
| Puerto Bolivar | Colombia | Dhamra | India | 150,000 | 18.97 |
| Puerto Bolivar | Mundra | 150,000 | 17.35 | ||
| DBCT | Australia | Gangavaram | 168,000 | 10.00 | |
| DBCT | Mundra | 165,000 | 9.55 | ||
| Richards Bay | South Africa | Gangavaram | 161,000 | 9.34 | |
| Richards Bay | Mundra | 161,000 | 8.05 | ||
| Puerto Bolivar | Colombia | Fangcheng | China | 158,000 | 18.00 |
| Puerto Bolivar | Qingdao | 158,000 | 18.65 | ||
| Richards Bay | South Africa | Fangcheng | 161,000 | 10.02 | |
| Richards Bay | Qingdao | 161,000 | 10.15 | ||
| New Castle | Australia | Qingdao | 152,000 | 8.82 | |
| New Castle | Fangcheng | 152,000 | 9.25 | ||
| Baltimore | USA | Mundra | India | 149,000 | 21.50 |
| Norfolk | Gangavaram | China | 149,000 | 22.86 | |
| TBCT | Indonesia | Qingdao | 160,000 | 5.18 | |
| TBCT | Fangcheng | 160,000 | 4.85 | ||
| TBCT | Mundra | India | 160,000 | 6.25 | |
| TBCT | Gangavaram | 160,000 | 6.20 | ||
| Richards Bay | South Africa | Mundra | 110,000 | 10.96 | |
| Richards Bay | Dhamra | 110,000 | 10.77 | ||
Source: CoalMint Research
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